#ShivtekSpechemi #LeadershipAppointments #FinanceLeadership #HumanResources #OrganizationalGrowth #BusinessTransformation #SpecialtyChemicals
· Price band fixed at ₹718 to ₹ 754 per Equity Share of face value of ₹2 each (“Equity Share”)
· Bid Offer will open on Monday, September 22, 2025 and close on Wednesday, September 24, 2025 (“Bid Dates”). The Anchor Investor Bid / Offer Period shall be Friday, September 19, 2025.
· Bids can be made for a minimum of 19 Equity Shares and in multiples of 19 Equity Shares thereafter. (“No of Bids”)
· RHP Link: https://www.motilaloswalgroup.com/Docsvirdir/1222021330Atlanta%20Electricals%20Limited_RHP.pdf
Chandigarh: Atlanta Electricals Limited (“Atlanta” or “The Company”), shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Monday, September 22, 2025.
The total offer size of equity shares with face value ₹ 2 each aggregating up to ₹ 6,873 million [₹ 687 crore] (“Total Offer Size”) comprises of fresh issue of equity shares aggregating up to ₹ 4,000 million [₹ 400 crore] and Offer for sale of equity share aggregating up to ₹2,873 million [₹ 287 crore].
The price band for the Offer is at ₹ 718 to ₹ 754 per Equity Share. (“The Price Band”).
The Anchor Investor Bidding Date shall be Friday, September 19, 2025. The Bid/Offer will close on Wednesday, September 24, 2025. Bids can be made for a minimum of 19 Equity Shares and in multiples of 19 Equity Shares thereafter. (“Bid Details”)
The Company proposes to utilize the net proceeds from the fresh issue towards: (i) Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company estimated to be ₹791.2 million [₹ 79 crore], (ii) Funding working capital requirements of the Company estimated to be ₹2,100 million [₹ 210 crore] and balance towards (iii) General corporate purposes. (“Objects of the Offer”)
The Offer for Sale of up to 3,810,895 Equity Shares comprises up to 435,900 Equity Shares by Atlanta UHV Transformers LLP (The “Promoter Selling Shareholders”) ; up to 666,560 Equity Shares by Hemang Harendra Shah; up to 777,185 Equity Shares by Nimish Harendra Shah; Up to 217,500 Equity Shares by Dhaval Harshadbhai Mehta (held jointly with Avanee Dhavalbhai Mehta); up to 326,250 Equity Shares by Gitaben Harshadbhai Mehta (held jointly with Harshadbhai Amritlal Mehta) and Up to 1,387,500 Equity Shares by Jignesh Suryakant Patel (The “Other Selling Shareholders”).
The Equity Shares are being offered through the Red Herring Prospectus of the Company dated September 16, 2025 filed with the Registrar of Companies, Maharashtra at Mumbai. (“ROC”)
The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”). (“Listing Details”)
Motilal Oswal Investment Advisors Limited & Axis Capital Limited are the book running lead managers to the Offer (The “BRLMs”).
#ShivtekSpechemi #LeadershipAppointments #FinanceLeadership #HumanResources #OrganizationalGrowth #BusinessTransformation #SpecialtyChemicals #CorporateGovernance #FinancialExcellence #PeopleFirstCulture #TalentManagement #EmployeeEngagement #StrategicGrowth #OperationalExcellence #LeadershipTeam #CorporateNews #HRLeadership #FinanceStrategy #IndianIndustry #BusinessLeadership
